Charlie (Colorado):
so i read you articles. basically you are saying the same things: economy should grow fast enough to provide growing taxation to pay for spending
simple as that
what is then you disagree SPECIFICALLY with the quote ?
Well, lets assume GDP is $13 tril
The President’s actual budget for 2007 totals $2.8 tril
all of a sudden we have feds taking over OTHER PEOPLE debts in the amount
of so far almost 6 tril since banks started to go down
DO WE KNOW how much it will cost us and in what way it will get financed?
We are in a very new territory now: US fed paper and its denominator($) is declining in value and in its risk assessment
S&P already warned that FM&FM situation may and likely WILL
CHANGE THE CREDIT RATING OF FED PAPER
you never studied mathematics, did you?
